Case Background:
This is a federal securities fraud class action lawsuit on behalf of those who purchased or otherwise acquired Apple Inc. (“Apple”) (NASDAQ: AAPL) securities between June 10, 2024, and June 9, 2025, inclusive (the “Class Period”).
The complaint alleges that, throughout the Class Period, Defendants made false and misleading statements and/or failed to disclose that: (1) Apple misstated the time it would take to integrate the advanced AI-based Siri features into its devices; (2) accordingly, it was highly unlikely that these features would be available for the iPhone 16; (3) the lack of such advanced AI-based features would hurt iPhone 16 sales; (4) as a result, Apple’s business and/or financial prospects were overstated; and (5) as a result, the company’s public statements were materially false and misleading at all relevant times.
Current Status of Case:
On August 19, 2025, Motions to Appoint Lead Plaintiff and Lead Counsel were filed, and the Court scheduled a hearing for the Motions on December 3, 2025. This action is ongoing.
If you wish to discuss this action or have any questions, please contact Kessler Topaz Meltzer & Check, LLP: Jon Naji, Esq. (484) 270-1453; toll-free at (844) 887-9500; or via e-mail at info@ktmc.com. If you would like additional information about the suit, please click on the link "Submit Your Information" above and fill out the form as promptly as possible.